Convertible Bonds

Debt securities that are exchangeable for a set number of shares of another type of security

ARTICLES

Emerald Oil Liquidates

Emerald Oil Plan Effective

Emerald Oil's Amended Joint Plan of Liquidation (as Modified), became effective and the Company emerged from Chapter 11 protection.
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SUNWQ Bankruptcy Filing

SunEdison Chapter 11 Petition Filed

SunEdison (f/k/a MEMC Electronic Materials) and certain of its domestic and international subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 16-10992.
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MCPIQ Plan of Reorganization Confirmed

Molycorp Plan Filed, Confirmed

Molycorp filed with the U.S. Bankruptcy Court a Second Revised Fourth Amended Joint Plan of Reorganization, which the Court subsequently confirmed.
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What can you expect from the stock market in coming months?

Mid-Year Stock Market Update: Range Bound

The stock market’s narrow trading band may have sapped the enthusiasm from some investors, but given the lack of alternative places to invest right now, we think there will be enough demand to push stocks a little higher from here.
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Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Who wants to buy stocks right now? Nobody.

At best, the broad stock market’s 15.8% drop since its peak only three months ago on September 20 has been disconcerting. The deeper 23% plunge in small cap stocks, as measured by the Russell 2000 index: startling. For the weakest 9% of S&P500 stocks – often those with some type of unfavorable macro exposure – their average loss of 40% in such a brief time has been simply jaw-dropping. Read More.

EV/EBITDA: What Is It & Why Are We Using It More?

In reading recent editions of The Turnaround Letter, you have probably noticed that we are increasingly using EV/EBITDA as a valuation measure, rather than the better-known price/earnings multiple.  We thought it might be useful to describe this measure and why we like it.

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Turnaround Letter Stock Pick Named Top Performer of 2017

 

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What Last Year's Top Stock Pickers Are Buying in 2018

 

This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.

 

George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."